Starmer issued main warning over Trump’s US deal by prime economist | Politics | News | EUROtoday

Sir Keir Starmer’s commerce cope with the US “isn’t worth the paper it’s written on”, an American economist has warned. Nobel winner Joseph Stiglitz instructed that had the UK labored with the EU on a deal, “you could have done better than what you’ve done”.

On Friday, Donald Trump’s press secretary insisted the president will stand agency on the blanket 10% tariff on most UK imports into the US, telling reporters he’s “committed” to the levy. It got here after Thursday’s deal which minimize taxes on automotive imports of 100,000 a 12 months from 27.5% to 10%, and in addition lowered tariffs on metal and aluminium by quotas.

Speaking on Sky News, Mr Stiglitz mentioned that “any agreement with Trump isn’t worth the paper it’s written on”.

Asked whether or not the UK ought to give attention to constructing its relationship with the EU, the economist mentioned “very much so”.

He added: “My view is that if you had worked with the EU to get a good deal you could have done better than what you’ve done.”

Home Secretary Yvette Cooper pressed the significance of the deal for automotive producers corresponding to Jaguar Land Rover when quizzed on whether or not Mr Trump is taking the UK for a experience.

She mentioned: “Clearly we want to go further in terms of the trading relationship with the US.

“We are an outward-looking trading nation, so trade is important.”

She declined to get right into a “running commentary” on discussions with the EU.

Shadow Home Secretary Chris Philp mentioned it’s “good that the terrible punitive tariffs” have been eased, however described this week’s settlement as “a very narrow deal”.

He mentioned: “What was agreed last week is not a comprehensive trade deal.

“[It] is a very narrow deal, talking mainly about tariffs.

“While it’s good that the terrible punitive tariffs that have been in place for a few weeks have been eased, as the Governor of the Bank of England Andrew Bailey said, the level of tariffs that are now being charged on UK exports going into America are higher under this new deal, so-called deal, than they were at the beginning of the year.”